Resources are scarce as compared to unlimited wants. But, the economics of non-rival ideas creation has proved that resources are ample and that physical resources could be used in ways that keeps fulfilling the basic needs of society through the creation of ideas that augment and bring multiplier effect to the availability of given physical resources. In simple words, the development in science and technology by developing human capital base has enabled the societies through each level in history to make best use of physical resources and avoid resource exhaustion for the basic requirements....
Resources are scarce as compared to unlimited wants. But, the economics of non-rival ideas creation has proved that resources are ample and that physi...